ONE Group Hospitality (NASDAQ:STKS) Stock Crosses Below 200 Day Moving Average – Should You Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.71 and traded as low as $2.78. ONE Group Hospitality shares last traded at $2.83, with a volume of 85,965 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wedbush decreased their price target on ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Monday, November 11th. Stephens reissued an “overweight” rating and set a $6.00 target price on shares of ONE Group Hospitality in a research report on Monday, December 9th.

ONE Group Hospitality Price Performance

The business has a fifty day moving average of $3.19 and a 200 day moving average of $3.71. The company has a debt-to-equity ratio of 6.73, a current ratio of 0.52 and a quick ratio of 0.44. The stock has a market cap of $87.32 million, a PE ratio of -3.54 and a beta of 2.37.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. The company had revenue of $193.98 million for the quarter, compared to analyst estimates of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. Sell-side analysts anticipate that The ONE Group Hospitality, Inc. will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On ONE Group Hospitality

A number of institutional investors have recently modified their holdings of STKS. JPMorgan Chase & Co. raised its stake in ONE Group Hospitality by 53.8% during the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 5,497 shares in the last quarter. Barclays PLC raised its position in shares of ONE Group Hospitality by 94.4% during the 3rd quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock valued at $171,000 after acquiring an additional 22,580 shares in the last quarter. Zacks Investment Management raised its position in shares of ONE Group Hospitality by 10.0% during the 3rd quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock valued at $883,000 after acquiring an additional 21,855 shares in the last quarter. GSA Capital Partners LLP bought a new position in ONE Group Hospitality during the third quarter worth $54,000. Finally, Stoneridge Investment Partners LLC acquired a new position in ONE Group Hospitality in the third quarter worth $44,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

ONE Group Hospitality Company Profile

The ONE Group Hospitality, Inc, a restaurant company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.